If Demand Is Perfectly Inelastic, the Absolute Value of the Price

question 107

Multiple Choice

If demand is perfectly inelastic, the absolute value of the price elasticity coefficient is

• A) infinity.
• B) zero.
• C) more than one.
• D) equal to the absolute value of the slope of the demand curve.

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Definitions:

Easily Soothed

Refers to the ability to be calmed or comforted with minimal effort.

Adaptable

The ability to adjust to new conditions or changes in one's environment effectively.

Easy Child

A term in developmental psychology describing children who are generally calm, adaptable, and have a positive mood.

Undemanding

Requiring or posing little effort or stress; not challenging or taxing.